TEHRAN (Iran News) – Chairman of International Committee for MENA Region of India’s PHD Chamber of Commerce and Industry (PHDCCI) Mr. Vijay Mehta says India is keen to invest in Iran’s auto industry and expressed hope for removal of current problems in way of economic cooperation between the two countries.
On Monday a forum was held by Tehran Chamber of Commerce on exploring ways for improving the trade and economic cooperation between the two countries where over 150 Iranian and Indian business activists were present.
Addressing the forum, Mehta deplored that Indian people have little information on the existing economic and industrial capacities in Iran and reiterated that exchange of trade delegations will help both sides to help their people to know the grounds for cooperation. He added that India will become a $5,000b economy in the world in upcoming years, adding that economic policies of the Indian Government has made the economic progress of the country surpass China. He noted that due to these policies, now many international companies open their offices and plants in India instead of China, Indonesia and Bangladesh because India enjoys having advanced legal and banking systems.
Mehta expressed hope the current economic problems between Iran and India would be resolved and said Indian companies and industries are ready to offer their services to Iranian companies in developing software industries, medical and health as well as engineering.
He went on to say that many European auto-making companies are active in India and productions in these plants in India are exported to other countries, adding that one of the grounds for cooperation between Iran and India is the joint investment in the auto industry.
Then Economic Attache of Indian Embassy in Tehran Mr. Gautam Wahi, for his part, said Iran and India’s economy is complementary, adding that Iranian companies can take advantage of capacities and capabilities of Indian technology companies for entering the international markets.
He said that regarding the war between Russia and Ukraine, India is not under influence of any world power, reiterating that India needs Iran’s oil and energy.
He noted that development of economic relations between Iran and India requires broadening political ties between the governments of the two countries, adding that cooperation between both countries in developing some infrastructures in Iran like in Chabahar Port and construction of railway between Iran and India will lead to improvement of economic ties between the two countries.
At the beginning of this event, Secretary General of Tehran Chamber of Commerce Mr. Bahman Eshqi said that this event can open a new chapter in the economic relations of Iran and India and currently there are some concerns in both sides for broadening cooperation and expressed hope both sides have better ties through talks. He announced readiness of this chamber for talks with India government and private sector activists and for deepening of economic relations between Iran and India
